June 2021
Beginner
488 pages
10h 7m
English
Content preview from Fundamentals of Level Three Leadership
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Concept
How are you going to reward your people? Money? Stock options? More benefits? (Pensions, health care, dental care, etc.) Promotion? Pride of purpose? Recognition? Gold stars? More time off? Do you let them decide what they want or do you decide what you will offer? Or some balance of both? Do you want to pay more than your competition or less? That will affect the quality of talent you attract.
You have to reward them somehow. Your appraisal system (see the last chapter) will inform how much you want to reward them. Reward systems are difficult to design well; there are many considerations.63 Here are some options:
1. Pay by the hour.
2. Pay by output.
3. Pay by commission.
4. Pay annual salary.
5. Pay for skill. ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.